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Read this: BBC - Pestons Picks: Why the Murdochs are furious about BBC settlement

Summary: He and his son James, who runs News Corp's European and Asian operations, genuinely see themselves as true-hearted crusaders in an economic war - and not as defenders of enormous, dominant market shares in newspapers, television and other forms of communication, which is how they are widely seen by others. They would simply deny that the market shares of their myriad businesses - which allow them to generate buckets of cash for investment in new products and services - might conceivably starve worthy competitors of the cash these competitors could employ in innovation that might be beneficial to consumers. So, for the Murdochs, the opposition that has arisen in much of the rest of the media to News Corp's plan to acquire the 61 of BSkyB it doesn't already control is simply the wounded yelp of a threatened ancien regime. - bbc.co.uk

Read full article: www.bbc.co.uk link icon  BBC - Pestons Picks: Why the Murdochs ar…



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